MML Investors Services LLC Has $3.38 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

MML Investors Services LLC grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,685 shares of the specialty retailer’s stock after buying an additional 968 shares during the quarter. MML Investors Services LLC’s holdings in Ulta Beauty were worth $3,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Ulta Beauty in the second quarter worth $32,000. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty in the third quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the third quarter worth $41,000. Finally, American National Bank & Trust bought a new stake in shares of Ulta Beauty in the third quarter worth $44,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA stock opened at $424.11 on Friday. The company’s 50-day simple moving average is $378.38 and its 200 day simple moving average is $378.10. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $19.67 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $5.07 earnings per share. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. On average, analysts forecast that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Analyst Ratings Changes

ULTA has been the topic of a number of research reports. DA Davidson boosted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $442.00 to $476.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Bank of America dropped their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their price target on shares of Ulta Beauty from $300.00 to $350.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $439.30.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.